William Z. McFarland is an American fraudster who was born on December 11, 1991. He is the best known for being convicted as a fraudster. McFarland was the founder and CEO of the Fyre Festival. Well, he owns a net worth of -$5 million as he convicted for mail as well as wire fraud. Basically, he was convicted of defrauding investors of $27.4 million.
McFarland was born in Newyork City, New York, and grew up in Millburn, New Jersey. McFarland founded an online-based startup when he was 13 years old.
Billy Mcfarland appeared at Pingry School where he completed his high school education. Then he appeared at Bucknell University to study computer engineering. But he couldn’t complete his education.
Billy McFarland: At a Glance
| Full Name: | William Z. McFarland |
| Celebrated Name: | Billy McFarland |
| Born: | December 11, 1991 |
| Birth Place: | New York City, New York, United States |
| Birth Sign: | Sagittarius |
| Height: | 6 feet 4 inches |
| Weight: | 90 kg |
| Nationality: | American |
| Marital Status: | Not married |
| Spouse: | N/A |
| Partner: | Anastasia Eremenko |
| Children: | N/A |
| Profession: | Entrepreneur |
| Net Worth: | -$5 million |
| Education: | Pingry School, Bucknell University |
Career:
Іn the year 2013, Віllу fоunded Маgnіѕе which is a card-based membership company with an investment of $1.5 million, targeting thе ѕtаtuѕ-оrіеntеd mіllеnnіаlѕ of the large cities.
Then he developed Fyre Media Inc. which is the parent company of the Fyre Festival. The Fyre Media lured the investors by claiming that they own worth of $90 million. However, it was proven that they don’t have more than $60,000. In fact, they were completely unable to fulfill the promises to their clients.
Well, the Fyre Media organized a gorgeous festival named Fyre Festival. The festival was able to attract many popular celebrities including Еmіlу Rаtајkоwѕkі, Bella Hadid, and so on. And many renowned celebrities took part in that festival in order to promote the festival. But the event was canceled due to mismanagement issues.
However, on June 30, 2017, Federal agents arrested Billy McFarland for being convicted of wire fraud. Then he got released with bail on July 1.
Later in March 2018, he became guilty of attracting the investors with the fake documents. Well, the unfortunate thing is that he tested positive for COVID-19 in July 2020.
FAQs
Well, Billy McFarland was born on December 11, 1991.
He was born in New York City, New York, United States.
Well, he is now serving his 6 years imprisonment in federal prison.
He owns a net worth of -$5 million dollars.
Ja Rule was the co-founder of Fyre Media Inc.
